Empowering the EV future: Financing strategies for auto suppliers

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The shift to EVs is driving rapid transformation in the automotive sector, leading to heightened capital requirements for automotive suppliers. Join Plante Moran’s automotive experts as we dive into the diverse funding opportunities available to advance your transition toward sustainability.

The transition to electric vehicles (EVs) is accelerating change in the auto industry. The path toward a sustainable future is increasing demand for capital among automotive suppliers. Whether suppliers are looking to build and retool more flexible facilities, create battery supply chains, or develop innovative EV technologies — there’s a need for significant funding to help fuel these initiatives. However, many automotive suppliers are unaware of the range of funding options available to support this transition.  

During this webinar, our mobility experts will help you to identify opportunities, determine project eligibility, and understand tax implications and monetization strategies. You’ll gain insight into private and self-funding options to help define your funding strategy as you work to secure capital for a sustainable EV future. We’ll help you understand and navigate various tax credits and loan/grant programs created through the Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (Infrastructure Act).   

Learning objectives: 

  • Explore the intricacies of developing a business case for private and self-funding strategies to support your investment in the EV future. 
  • Review funding options and eligibility for funding programs and evaluate readiness to submit an application. 
  • Gain insight into state and local incentives, including property and income tax abatements, workforce grants, infrastructure improvements, and purchase incentives. 
  • Discover how to take advantage of tax credits and government grant and loan programs, including: Sections 45X and 48C tax credits; Advanced Technology Vehicles Manufacturing (ATVM) and Title 17 loan programs; Office of Energy Efficiency and Renewable Energy (EERE) and Office of Manufacturing & Energy Supply Chains (MESC) grant opportunities; state and local tax incentives; and more. 

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